BNB demonstrated remarkable resilience during the last 24-hour trading session, initially declining before recovering to settle near $1,020 with a 1% gain despite a security breach affecting BNB Chain's official X account.
The attacker compromised the BNB Chain's verified X account to distribute phishing links promoting "4," a fraudulent memecoin referencing Binance founder Changpeng Zhao's symbolic number representing development focus over market uncertainty.
Security incident resulted in approximately $8,000 in losses, with one user accounting for $6,500 of the total. Binance's security team has initiated fund tracking and guaranteed full victim reimbursement according to former CEO Changpeng Zhao.
BNB holders transformed the security breach into community defiance, massively purchasing the scam token and driving its value up 500%. CZ described this as "the funniest comeback by the community," highlighting ecosystem resilience.
While BNB's 1% increase trailed the broader cryptocurrency market's 3.8% surge measured by CoinDesk 20 Index, the token showed technical strength by maintaining crucial support levels despite the security incident.
Technical Analysis Perspective
BNB experienced significant volatility within a $27 range between $993.23 and $1,021.03. The session opened at $1,020.36 before declining to $993.23 lows.
This 2.6% intraday correction coincided with trading volume spikes exceeding 100,000 tokens hourly—double the daily average according to CoinDesk Research data.
Strong buyer activity emerged in the $993–$998 support zone, absorbing sell pressure and propelling prices above $1,010. Sustained elevated volumes indicate active defense of short-term support levels.
BNB's ability to maintain positions above $1,010 combined with robust buying near $993 confirms bullish sentiment among investors despite external challenges.
Disclaimer: Portions of this content utilized AI-assisted generation with comprehensive editorial review ensuring accuracy and compliance with established standards. Complete AI Policy available through CoinDesk.